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Entries Tagged as 'fbmklci'

FBMKLCI

January 16th, 2020 No Comments

There is temporary strength in the chart (while coincidentally the whole news out there is painted super bearish) I think there is an opportunity to push the index up to ~1600 area We then need to see what it does there to further assess the market condition

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FBMKLCI

January 13th, 2020 No Comments

We last updated FBMKLCI on the highlighted bar above. As expected it went up to the trading channel However the last few bars look weak to me If price could not recover to the region of 1600-1620, chances favour on the downside The line that we have drawn to watch (ahead of time) – 1550

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PETRONM

December 20th, 2019 No Comments

PetronM appears to be halting to a standstill It has the chance to breakout to reach RM7, a resistance line from previous high Stop should be placed somewhere underneath the clusters around RM5 (highlighted)

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A Student of the Market

November 6th, 2019 No Comments

Today I want to narrate an observation and something that I learnt (usually the hard way) in the market. Are you interested to be right or be able to make money in the market? Most of us are psychologically inclined (no thanks to social conditioning) to appear right ( at the expense of making money […]

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REITS and Banking

October 16th, 2019 No Comments

I’m penning this down so that it will appear more predictive when it happens. REITS chart (first one below)is going down while the banking sector (finance) (2nd chart) is turning up – contrary to what the news is out there

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KLCI

September 23rd, 2019 No Comments

From March 2018 to Sept 2018, a long term downward channel has been established In June and July 2019 this year, for the first time it tried to go above the supply line And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped […]

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Maybank

August 29th, 2019 No Comments

The worst place to trade is in the middle of a trading channel. Not surprisingly, this is the place where most retailers love to action. Looking at the chart above, a better trading price to buy is around RM8, i.e. the low of the downward channel. Trading at this price will also reduce price risk […]

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Price Risk vs Information Risk

August 21st, 2019 No Comments

Most retailers confuse the concept between price risk and information risk Information risk means how much we know about an asset, example a publicly listed company If we know a lot about a company, we say that the information risk is low When retailers try to ‘research’ for more information about a company, the thinking […]

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GenM

August 21st, 2019 No Comments

Like I said before in the Public Bank post, for blue chip counters, you have to buy on weakness (and bite the bullet) The current price is attractive to collect

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KNM

August 20th, 2019 No Comments

KNM has shot up fast and furious from the base at RM0.20 At current level, it still has the opportunity to go up to about RM0.425 level (the final level before it slams down OR forms a base for the next move up), but one needs to be very nimble to trade this and get […]

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